That’s Not a Fun Game
Electronic Arts announced they are doubling their layoff target and plan to fire one thousand people — or 10% of its workforce — by March 2009. They video game maker says the cuts will save them $120 million as sales stagnate. Popular EA franchises such as NBA Live and Madden NFL aren’t selling like they used to and earlier this month the company reported it would miss it’s 2008 revenue target. (Hat Tip: Venture Beat & GigaOm)
Michael Cervieri is a ScribeLabs co-founder and an Adjunct Professor at Columbia University's School of International and Public Affairs where he teaches a course called Tubes, Code and Content. On Twitter, he's @bmunch.
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